TopBuild Corp. $BLD Shares Bought by Taikang Asset Management Hong Kong Co Ltd

Key Points

• Taikang Asset Management Hong Kong Co Ltd increased its stake in TopBuild Corp. by 32.9% in Q1, owning approximately 21,089 shares worth $6.43 million after acquiring an additional 5,219 shares.
• TopBuild's earnings report for Q2 exceeded expectations, with $5.31 earnings per share, surpassing forecasts of $5.07, though revenues declined 5.0% year-over-year.
• Several analysts have updated their price targets for TopBuild, with a consensus rating of "Moderate Buy" and an average target price of $394.67.

Taikang Asset Management Hong Kong Co Ltd boosted its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 32.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,089 shares of the construction company's stock after acquiring an additional 5,219 shares during the period. Taikang Asset Management Hong Kong Co Ltd owned 0.07% of TopBuild worth $6,431,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Comerica Bank raised its position in TopBuild by 14.3% in the first quarter. Comerica Bank now owns 12,936 shares of the construction company's stock valued at $3,945,000 after purchasing an additional 1,614 shares during the period. SVB Wealth LLC purchased a new position in TopBuild in the 1st quarter valued at approximately $35,000. Advantage Alpha Capital Partners LP grew its stake in TopBuild by 8.1% during the 1st quarter. Advantage Alpha Capital Partners LP now owns 16,556 shares of the construction company's stock worth $5,049,000 after purchasing an additional 1,241 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of TopBuild by 21.5% during the first quarter. Ameriprise Financial Inc. now owns 236,075 shares of the construction company's stock worth $71,991,000 after buying an additional 41,803 shares during the period. Finally, Tribune Investment Group LP purchased a new position in TopBuild in the first quarter worth approximately $7,319,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Trading Down 0.2%

Shares of NYSE:BLD traded down $0.90 during trading on Thursday, reaching $424.91. The stock had a trading volume of 340,572 shares, compared to its average volume of 425,672. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $445.74. The business has a fifty day moving average price of $379.25 and a 200-day moving average price of $326.74. The stock has a market cap of $11.96 billion, a P/E ratio of 20.52, a PEG ratio of 5.69 and a beta of 1.63. The company has a quick ratio of 2.29, a current ratio of 2.83 and a debt-to-equity ratio of 0.86.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share for the quarter, beating the consensus estimate of $5.07 by $0.24. TopBuild had a return on equity of 28.32% and a net margin of 11.40%.The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the firm posted $5.42 EPS. TopBuild's revenue was down 5.0% on a year-over-year basis. TopBuild has set its FY 2025 guidance at EPS. As a group, analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

BLD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. UBS Group set a $370.00 price objective on TopBuild and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Bank of America boosted their price objective on shares of TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Seaport Res Ptn raised TopBuild from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Finally, Evercore ISI increased their price target on shares of TopBuild from $347.00 to $418.00 and gave the company an "in-line" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, TopBuild currently has an average rating of "Moderate Buy" and a consensus target price of $394.67.

Insider Transactions at TopBuild

In related news, insider Jeff M. Krestancic sold 373 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $415.00, for a total value of $154,795.00. Following the completion of the sale, the insider directly owned 4,934 shares in the company, valued at approximately $2,047,610. This represents a 7.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert M. Kuhns sold 2,000 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $416.10, for a total transaction of $832,200.00. Following the completion of the sale, the chief financial officer directly owned 15,633 shares of the company's stock, valued at $6,504,891.30. This trade represents a 11.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,663 shares of company stock valued at $5,709,488. Corporate insiders own 0.43% of the company's stock.

TopBuild Profile

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.